Katie Holmes has decided to cut back

Suri Cruise is expecting a huge haul of presents from Santa this Christmas, but mum Katie Holmes has confided in friends that she’s putting cutting the budget on her daughter’s stocking to £300.

Suri‘s previous gifts have included a £60,000 treehouse, an £8.2 million house in New York so she could have room for her own pony and a £15,000 Wendy house – with electricity.

And let’s not forget the time in 2012 when Tom Cruise, 51, took the 7-year-old to stay at a private VIP suite inside Cinderella‘s Castle at Walt Disney World.

As well as Suri‘s Christmas list getting a severe editing, Katie, 34, also going to clear out her daughter’s wardrobe.

She’s taking a leaf out of Victoria Beckham‘s book and plans to donate up to half of Suri‘s clothes, which she no longer wears, to charity – most likely the Salvation Army in New York,’ reveals our source.

Read more about Suri Cruise in this week’s Now magazine dated 11 December 2013 – download the digital edition now

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